Metal & Metal Ore Wholesaling in Ireland - Market Research Report (2014-2029)

Over the five years through 2024, European metal and metal ore wholesalers’ revenue is expected to dip by 3.5% to €283.4 billion, including a 4.3% contraction in 2024. COVID-19 significantly disrupted key downstream buying activity, with construction and manufacturing output stuttering, limiting demand for key metals like steel or aluminium. As the pandemic eased, investment in the two sectors picked up, helping to stimulate sales of metals. In line with a weakened travel industry, the aircraft industry has been slow to recover, constraining the need for metal parts like carbon fibre. Economic uncertainty spread among many European countries since Russia’s invasion of Ukraine in February 2022, sparking sales of precious metals like gold and silver, as they’re considered safe investments. Subdued economic growth and crippling central bank interest rate rises have stemmed investment in volatile assets like metals and metal ores, while new construction work is hard to come by.